What does hodl mean in crypto
A common misconception — HODL is not an acronym!
The term ‘HODL’ originated from a post in a Bitcoin forum, where the user accidentally typed ‘hodl’ instead of ‘hold’ during a discussion about trading strategies. The user referred to themselves as an ‘illusioned noob’ who was poor at trading, thus choosing to ‘hodl’ during a period of high price volatility. What is hodl in crypto This slang term means to hold on or keep cryptocurrency rather than selling it.Hodl meaning crypto
Please enable Cookies and reload the page. Binance vs. Coinbase: Which Crypto Exchange Is Right For You? A crypto whale is an individual or organisation that holds a large amount of a particular cryptocurrency. This is generally considered to be around 10% of that cryptocurrency's total supply. See this article to find more information about crypto whales.
What is “HODL” in the Cryptocurrency World?
HODL is more than just a strategy to minimise FOMO (fear of missing out), FUD (fear, uncertainty, and suspicion), and other sentiments that contribute to the loss of profit for cryptocurrency maximalists. Investors who have long held the encrypted money will keep investing because they think it will eventually take the place of the government-issued legal tender as the foundation of all economic organisations. If that were to happen, crypto holders would no longer need to worry about fluctuating exchange rates between their digital assets and fiat money. Understanding the Term “HODL” and Its Origins La comunidad que se mueve [email protected]
Hodl crypto meaning
As the years passed, the term had gained popularity among crypto enthusiasts, and eventually gained the meaning 'Hold on for dear life". Although this isn't the initial definition of the term, this version does a good job of capturing the essence of the words meaning. 'HODL,' 'whale' and 5 other cryptocurrency slang terms explained The term ‘HODL’ has a rather interesting origin. In December 2013, a (self-admitted) intoxicated BitcoinTalk forum member with the pseudonym GameKyuubi wrote a post titled “I AM HODLING.” GameKyuubi was trying to communicate to the other forum members that he was frustrated trying to trade Bitcoin actively.